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Exhibit 10.1
AMENDMENT NO. 3 TO MANAGEMENT SERVICES
AGREEMENT
BETWEEN LIFE SCIENCES RESEARCH LIMITED
AND
FOCUSED HEALTHCARE PARTNERS
This Amendment No. 3, dated as of
June 3, 2009 (the “Amendment”), to that certain Service
Agreement, dated as of August 7, 1998 and amended as of January 26,
2000 and April 15, 2002, between Life Sciences Research Limited
(the “Company”) and Focused Healthcare Partners (the
“Consultant”) (the
“Agreement”). Capitalized terms used by not
defined herein shall have the meanings ascribed to them in the
Agreement.
In consideration of the promises and
mutual covenants set forth herein and in the Agreement, the parties
hereto agree as follows:
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The fee of the Consultant set forth
in Section 5(1) of the Agreement shall be amended by deleting the
words “£150,000 per annum” and replacing them
with the words “£370,000 per annum.”
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2. The
first paragraph of Section 18 is amended in its entirety to read as
follows:
“If within twelve months
following a Change of Control of Parent the Agreement is terminated
by the Company without Cause or the Consultant gives notice of
termination for Good Reason, then within 30 days after such
termination or resignation the Company shall make a lump sum
payment in cash to Consultant in an amount equal to (i) 2.99 times
the Consultant’s then curren
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